|Bid Price||-||Offer Price||-|
|Mid Price||USD 4.86||Day Change||USD -0.00 (-0.32%)|
|Price Date||20 Sep 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.40 %|
|Total Expense Ratio||0.00||Fund Size||360,833,762.10|
|Launch Date||02/07/2007||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.68||Sector||IMA UK Equity Income|
|Min Investment (£)||20,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BFDTFQ95||Min TopUp (£)||2,000,000.00|
The Henderson Credit Alpha Fund is a long short credit fund primarily taking positions in credit default swaps and corporate bonds. The fund has a global opportunity set spanning high grade and high yield. Currency risk and interest rate risk are hedged using forwards, government bond futures and interest rate swaps.
Stephen Thariyan is the Global Head of Credit in charge of the 30-strong credit team of portfolio managers and analysts at Henderson. Prior to joining Henderson in 2007 as Head of Credit, Stephen was a portfolio manager at Rogge Global Partners responsible for investing in corporate bonds and credit derivatives globally. He was previously a director and senior analyst at NatWest Markets’ credit rating and research unit where he led teams of sector analysts in credit research. He started his career as an accountant at Ernst & Young in 1988 and later moved to become senior auditor at Chevron Corporation. Stephen graduated from the University of Newcastle-Upon-Tyne with a BA (Hons) in Accountancy and Financial Analysis.
Tom Ross joined Henderson in 2002 and has been co-managing Henderson's absolute return credit funds since 2006. In August 2015 he was appointed co-manager of a number of European and global bond funds. Prior to fund management, Tom specialised in credit trading on Henderson's centralised dealing desk where he was able to build strong relationships with market participants in order to gain flow and positioning information to supplement credit views. Tom graduated from Nottingham University with a BSc (Hons) in Biology and is a CFA charterholder.